Sharing Economy News

Our latest news coverage of the sharing economy, from on-demand transportation and accommodation, through to personal services and peer-to-peer finance.

European Union

France wants the EU to continue with a digital tax if global efforts fail

The EU should push ahead with its own digital taxation in the first quarter of 2021 if wider efforts to find an international solution don’t bring a breakthrough this season,...

Wall Street

Wall Street sees a bright side in ‘healthy’ tech stock selloff

Some of Wall Street’s biggest players are seeing the stock market’s recent tech-led selloff as a bout of turbulence as opposed to the beginning of a longer slide —...

Driver

Uber promises 100% electric vehicles by 2040 and commits money to help drivers switch

Uber has said every vehicle on its own global ride-hailing platform will probably be electrical by 2040, and it pledged to contribute $800 million through 2025 to assist drivers sw...

Ride Hailing

California court ruling gives voters last word over ride-sharing protections

A California appeals court avoided a shutdown of ride-hailing services Uber and Lyft in the state, effectively handing a decision over gig worker benefits and cover voters in a Nov...

Delivery Services

DoorDash launches grocery delivery on its app

DoorDash, the largest American third-party delivery company for restaurants has launched a new grocery service, entering a crowded marketplace dominated by Instacart and Amazon Fre...

US China relations

In US-China tech rivalry, investors bet on China’s localisation push

Since the US-China “tech war” rages on, investors are betting on China’s attempts to substitute and/or clone US technologies with native applications to operate n...

Wall Street

Tech fuelled ‘everything’s awesome’ rally looking unstoppable

Today’s $72 trillion question for investors: To buy or not to buy into the international equities rally? Notwithstanding inflated share prices, politics and the pandemic, the...

Uber Technologies

Uber to operate food delivery even if ride-sharing business forced shut in California

Uber Technologies has said it would continue operating its revenue-generating food delivery company Uber Eats even if its ride-hail business should be pushed shut in California at ...

Lyft Inc and Uber Technologies

Judge blocks Uber and Lyft from classifying drivers as contractors

A California judge has granted the state’s petition for a preliminary injunction blocking Uber Technologies and Lyft from classifying their drivers as independent contractors...

Ride Hailing

Ride-hail drivers face tough choices as US aid expires

Uber driver Johan Nijman faces a challenging decision as unemployment aid expires: risk failing to pay for groceries and even lose his home, or resume driving and catch coronavirus...

Uber Technologies

Uber rides take pandemic hit but food-delivery business soars

Homebound clients of Uber Technologies more than doubled their orders from the company’s food-delivery service in the next quarter but need for ride-hailing trips only margin...

Grab

Grab expands finance business with consumer loans services and wealth management

Asian ride-hailing business Grab has deepened its financial services push by announcing that it will offer consumer loans services in Singapore and roll-out wealth management produ...

Deliveroo

UK regulator clears Amazon’s investment in online food delivery platform Deliveroo

The UK’s competition regulator has now cleared Amazon.com’s purchase of a 16% stake in the online delivery group Deliveroo, following a provisional nod in June.

Uber Technologies

Uber Technologies halts move of its Asia headquarters to Hong Kong

Uber Technologies has halted a plan to move its Asian headquarters to Hong Kong in another business blow for the Chinese-ruled town, choosing to expand its stay at Singapore till a...